US Treasury Secretary: Stablecoin Legislation Expected to Boost Demand for US Treasuries
BlockBeats News, July 4 — U.S. Treasury Secretary Bessent stated that, initially, the Treasury may supplement its general account by issuing Treasury bills. The U.S. banking sector will take on more debt issuance. Stablecoin legislation is expected to drive demand for U.S. Treasuries.
By the end of Trump’s term, the national debt-to-GDP ratio will reach the 90% range. (Jin10)
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In the third quarter, Korean retail investors made net purchases of US stocks worth approximately 10.15 trillion won, marking a complete reversal from the previous pattern in the first half of the year, when they made net purchases of nearly 100 trillion won in KOSPI stocks. In September alone, the sell-off amount reached as high as 14.2 trillion won. Analysts attribute this shift to a combination of factors: a sharp decline in KOSPI at high levels, the continued strength of the US stock market driven by AI themes, and the appreciation of the Korean won reducing currency exchange costs.
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